BBBEE - CONSTRUCTION SECTOR CHARTER

Aveng regards its responsibility to help bring about the empowerment of previously disadvantaged South Africans as integral to being a model corporate citizen and a truly South African Company. The Group endorses government led initiatives in this arena and wholeheartedly supports the development of the Construction Sector Charter. Aveng will continue to proactively engage in the ongoing process to formalise the Charter as a Code of Good Practice and will support the implementation of the Charter in the sector.

The objectives of the Construction Sector Charter detailed below are closely aligned to the objectives of the Aveng group. The Charter objectives are:

The transformation and growth of the construction sector;
An improvement in the competitiveness and efficiency of the sector;
The aim to achieve a substantial change in the racial and gender composition of the ownership, control and management within the sector;
To address the critical skills shortage and skills development with a specific focus on women;
To enhance entrepreneurial development and sustainable development of Black Economic Empowered (BEE) Small, Medium and Micro Enterprise (SMME) construction companies through strategic partnerships;
To bring an end to the perceived malpractice of fronting in the industry.

Objectives are aimed at promoting a vibrant, competitive and sustainable construction sector in South Africa. Progress to date in this regard has been significant and includes;

The signing of the Construction Sector Charter by all industry stakeholders and the Minister of Public Works, the late Ms Stella Sigcau on 17 March 2006.
The submission of the application for section 12 approval of charter in terms of the B-BBEE Act No. 43 of 2003 by the Department of Public Works (DPW) in July 2006.
A section 12 approval implies that the construction sector charter is binding on all stakeholders in the construction sector as defined in the Charter.
The development and distribution of a circular to ensure the Charter is used as soon as practically possible in B-BBEE tender requirements was implemented during September 2006.
The DTi approval of the Charter in terms of section 12 of the Act and the gazetting of the Charter as a Section 12 Code on the 9th February 2007.
The DTi gazetting the Generic DTi Codes of Good Practice on the 9th of February 2007.

The charter applies to all stakeholders in the creation, expansion and/or maintenance of fixed assets related to residential or non-residential buildings, infrastructure or other form of construction works in South Africa.